## Metadata - Author: [[Hadas Thier]] - Full Title: A People's Guide to Capitalism - Category: #books ## Highlights - Thus it wasn’t the case that Europe developed capital and industrial growth, while the rest of the world didn’t. But rather, as Walter Rodney put it, Western Europe developed economically by actively underdeveloping Africa and other parts of the colonized world.40 The development of “free labor” in Europe needed the decidedly unfree labor of plantations. ([Location 452](https://readwise.io/to_kindle?action=open&asin=B08DCN3RBW&location=452)) - the veiled slavery of the wage-laborers in Europe needed the unqualified slavery of the New World as its pedestal.” ([Location 457](https://readwise.io/to_kindle?action=open&asin=B08DCN3RBW&location=457)) - The separation of production from consumption is unique to capitalism and was inconceivable in earlier times because needs were so immediate. A vast distance now exists between the maker and the user of a particular good. Each is anonymous to the other. ([Location 545](https://readwise.io/to_kindle?action=open&asin=B08DCN3RBW&location=545))